STATE BOND MUNICIPAL FUNDS INC
NSAR-A, 1997-02-28
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<PAGE>      PAGE  1
000 A000000 12/31/96
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001 A000000 STATE BOND MUNICIPAL FUNDS, INC.
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SIGNATURE   KEVIN L. HOWARD                              
TITLE       SECRETARY           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000702133
<NAME> STATE BOND MUNICIPAL FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> STATE BOND TAX EXEMPT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                                       0
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                        7,522,296
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
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</TABLE>


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